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Bitcoin: BTCUST Good retest of old support - Next trade set-up Bitcoin: BTCUSD See how the successful retest of the bigger controlling (until midnight est) parallel took 2 hours to occur at the 6150 level? This retest of the old dynamic support we were looking for around 6515-6500 range has taken an hour to play out as price danced either side of the line but with a low at 6503. It's always a tense period watching, waiting, trying not to get faked into the wrong trade by getting too twitchy. The worst part of any trade, but needs must. It means any stops for longs can be placed at about6490 and just under for small loss if it fails from here. But it shouldn't do now. Stay long until the 6930 is tested and close out. Then look to short from 6940 with stop 50 points above. Be Lucky and if you can't, use stops.
BITSTAMP:BTCUSDLong
by sumastardon